Property for sale in Town Street, Armley, Leeds LS12

Fully tenanted mixed-use freehold property prominently located on Town Street Armley at the intersection of Town Street, Branch Road and Stocks Hill.

Armley is located less than 2 miles west of Leeds City Centre, following Canal Street west from the A58, and benefits from easy access and good public transport to and from the City Centre. The neighbouring areas include Holbeck to the south east, and Burley and Kirkstall to the north east and north west.

Additional income is provided from 2 advertising boards attached to the property.

Location

The property is prominently located on Town Street Armley at the intersection of Town Street, Branch Road and Stocks Hill.

Armley is located less than 2 miles west of Leeds City Centre, following Canal Street west from the A58, and benefits from easy access and good public transport to and from the City Centre. The neighbouring areas include Holbeck to the south east, and Burley and Kirkstall to the north east and north west.

The premises is opposite Armley Library and is set amongst many national retailers including Poundland, Greggs, Heron Foods, Cash Generator, Savers, Lloyds Bank, Armley Post Office, Betfred, and William Hill, as well as several independent European food stores and other local operators.

Description

The property consists of 2 storey accommodation of brick construction under a pitched tiled roof comprising Ground floor retail occommodation with basement and 2 bedroom residential accommodation to the 1st floor.

Accommodation

The premises provides the following accommodation:-

Retail space

Ground floor retail Za 46.3 m2 498 sq ft
Ground floor retail Zb 27.7 m2 298 sq ft
Ground floor storage 5.3 m2 57 sq ft
Basement Storage 25.5 m2 274 sq ft

Total space 104.7 m2 1127 sq ft

Plus:-
First floor 2 bedroom accommodation

Tenancy

The property is tenanted as follows:-

Shop unit with 1st floor accommodation:-
- £18,480 pa passing rent
- 7 year lease from 2020

Advertising board
- £1,000 pa passing rent
- 10 year term from 2022

Advertising board
- £200 pa passing rent
- rolling over

£19,680
Annualised rental

Terms

The property is offered with current tenancy

Offers over £199,000 for the Freehold Interest.

We are informed that VAT is not applicable to this sale.

Business Rates

According to the Valuation Office Agency website, the current rateable value is:- £13,250 rv.

Subject to partial Small Business Rates Relief.

Energy Performance Certificate

Energy Performance Certificates for this property is are:-

Commericial: Rating C- 67

Residential: Rating E- 40

These can be viewed on

Viewings

For further information or to arrange a viewing, please contact Peter Davies on .

Misrepresentation Act 1967

Stoneacre Properties acting as agent for the vendors or lessors of this property give notice that:-
1.The particulars are set out as a general outline only for the guidance of intending purchasers or lessees, and do not constitute, nor constitute part of, an offer or contract.
2.All descriptions, dimensions, condition statements, permissions for use & occupation, and other details are given in good faith and are believed to be correct. Any intending purchasers or tenants should not rely them as such as statements or representations of fact but must satisfy themselves by inspection or otherwise as the correctness of each of them.
3. No person in the employment of Stoneacre Properties has any authority to make or give representation or warranty whatsoever in relation to this property.
4.All prices and rents are quoted exclusive of VAT unless expressly stated to the contrary.
Misdescriptions act 1991
These details believe to be correct at the time of compilation, but may be subject to subsequent amendment.
All offers are subject to contract or lease.
Details ammended July 2023